stockrowNokia Corporation
NOK Technology Communication Equipment
Nokia Corporation’s revenue for fiscal 2025 (year ended December 2025) was $22.5 billion, up 8.20% from fiscal 2024.
- Revenue
- +5.12%
- EPS
- +73.4%
- Free cash flow
- −112.3%
- Total debt
- −21.4%
Quarter to September 2026, against a year earlier
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Nokia Corporation (NOK) EV/FCF
As of 6 November 2026, Nokia Corporation (NOK) trades at a EV/FCF of 3,710×. Over the past ten years it has ranged from −2,901× (November 2015) to 5,436× (October 2026); the current reading is higher than 99% of that period.
EV/FCF, daily
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Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | 18.5× | 125.31% |
| FY2024 | 8.2× | (47.81%) |
| FY2023 | 15.7× | (29.80%) |
| FY2022 | 22.4× | 97.14% |
| FY2021 | 11.4× | (10.97%) |
| FY2020 | 12.8× | — |
| FY2019 | −63.8× | — |
| FY2018 | −108× | — |
| FY2017 | 14.9× | — |
| FY2016 | −10.0× | — |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Sep 2026 | 5,003× | 4,234.65% |
| Jun 2026 | 115× | 372.59% |
| Mar 2026 | 24.4× | 32.02% |
| Dec 2025 | 18.5× | 23.70% |
| 43 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| ASTS AST SpaceMobile, Inc. compare | −5.6× |
| ERIC Ericsson compare | 11.2× |
| HPE Hewlett Packard Enterprise Company compare | 15.5× |
| ZBRA Zebra Technologies Corporation compare | 17.9× |
| UI Ubiquiti Inc. compare | 34.1× |
| MSI Motorola Solutions, Inc. compare | 37.4× |
| CIEN Ciena Corporation compare | 41.6× |
| LITE Lumentum Holdings Inc. compare | 117× |
| NOK Nokia Corporation | 3,647× |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on NOK
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement